INSIDER TRADING — Goldcorp ups stake in juniors
Toronto-based Goldcorp (TSE), which made its early fortunes as a publicly traded company by investing in gold stocks, increased its position in two Canadian juniors recently. According to the Ontario …
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Cyprus to drill at Massicotte
A drilling program is scheduled to begin this month on the Massicotte property north of La Sarre, Que., Radisson Mining Resources (ME) reports. Radisson says it has signed an option agreement, subject…
Somerset Island programs planned
About $1 million will be spent this year by several junior companies planning to explore various diamond properties on Somerset Island, N.W.T. This Arctic Islands region was explored by Diapros (a sub…
Favorable results from Talapoosa
Results from a continuing exploration program at the Talapoosa gold property in Nevada have Athena Gold (VSE) confident the project is advancing as planned. Pegasus Gold (TSE), operator of the joint v…
LETTERS TO THE EDITOR — Crowning bullion king
Gold and silver prices may have hit rock bottom in a world with bills due and a designed shortage of paper cash, but “the bottom” is always followed by an upswing. For it to be a permanent upswing, pe…
Positive Chaucha project report leaves Kookaburra confident
The recent completion of a preliminary technical and economic study on the Chaucha copper project in Ecuador has Kookaburra Resources (VSE) confident in the project’s potential and eager to proceed wi…
St Andrew focuses on West zone
Since opening its Stock Twp. gold mine near here in July, 1989, St Andrew Goldfields (TSE) has been fighting an uphill battle against low gold prices and a severe shortage of cash. With the recent min…
Rayrock offer
Rayrock Yellowknife Resources (TSE) has extended, until Feb. 8, the deadline for acceptance of an offer to holders of Rayrock’s $24.5 million 7.5% convertible subordinated debentures. Terms of the off…
Brunswick options PGE property
PGE Resources (ASE) has optioned its Devil’s Pike gold property in the Annidale area of New Brunswick to Brunswick Mining and Smelting (TSE). Under the agreement, Brunswick has 45 days to examine the …
Virginia begins drilling program
A drilling program is under way at the SAGAR-III gold-uranium property in the Labrador trough area of Quebec, Virginia Gold Mines (ME) reports. Aim of the program is to confirm the presence of one or …
Curragh reports loss for 1992
After reflecting a $16.6-million extraordinary charge for the loss stemming from the fatal accident at the Westray coal mine last May in Nova Scotia, Curragh (TSE) reported a net loss for 1992 of $54….
Possibilities for foreign investment expanding in CIS
A mining delegation to the Commonwealth of Independent States (CIS) late in 1992 found that investment opportunities are more favorable than in the previous year, although the political risks are stil…